Stock Market News Highlights: Sensex rises for 6th session in row, Nifty holds 17550; Axis Bank zooms 9%
Stock Market Highlights: Equity benchmark indices managed to end in the positive territory after facing volatility in the latter part of the trade on Friday amid gains in Axis Bank and ICICI Bank. Foreign institutional investors (FIIs) turning net buyers in the market on Thursday after many sessions also added to the momentum.
The 30-share BSE Sensex ended 104.25 points or 0.18 per cent higher at 59,307.15, logging its sixth day of gains. During the day, it jumped 388.03 points or 0.65 per cent to 59,590.93. The broader NSE Nifty ended marginally higher by 12.35 points or 0.07 per cent at 17,576.30.
From the Sensex pack, Axis Bank zoomed 8.96 per cent after the company on Thursday reported a 66.29 per cent jump in its consolidated net profit for the September quarter at Rs 5,625.25 crore, driven by a substantial decrease in bad loan provisions and margin expansion.
Stock Market Highlights: Equity benchmark indices managed to end in the positive territory after facing volatility in the latter part of the trade on Friday amid gains in Axis Bank and ICICI Bank. Foreign institutional investors (FIIs) turning net buyers in the market on Thursday after many sessions also added to the momentum.
The 30-share BSE Sensex ended 104.25 points or 0.18 per cent higher at 59,307.15, logging its sixth day of gains. During the day, it jumped 388.03 points or 0.65 per cent to 59,590.93. The broader NSE Nifty ended marginally higher by 12.35 points or 0.07 per cent at 17,576.30.
From the Sensex pack, Axis Bank zoomed 8.96 per cent after the company on Thursday reported a 66.29 per cent jump in its consolidated net profit for the September quarter at Rs 5,625.25 crore, driven by a substantial decrease in bad loan provisions and margin expansion.
Latest Updates
European shares drop
European shares dropped on Friday, triggered by fears that major central banks would retain their aggressive rate-hike stance to rein in prices
CSB Bank Q2 result
CSB Bank has posted net profit of Rs 120.5 crore in the quarter ended September 2022
Nifty Bank reclaims 41000
Nifty Bank on Friday zooms over 2.27 per cent to reclaim the level of 41000.
HUL stock surge 1% ahead of Q2 results
Hindustan Unilever stock jumped more than 1 per cent in the early trade as investors exhibit positive sentiment for Q2 results to be announced on Friday.
Bajaj Finance biggest Nifty50 loser despite strong Q2 performance
Bajaj Finance stock dropped on Friday, October 21, as investors' sentiment turned negative post announcement of second quarter results. A 12:20 PM, the stock quoted a price of Rs 7,265 apiece, declining 2.25 per cent on NSE -- biggest loser, against 0.50 per cent rise in the benchmark index. The downtrend was seen despite the Bajaj Group company reporting heathy numbers in the July-September quarter of the current fiscal.
Tracxn Technology share price
Tracxn Technology shares jump 2.79 per cent on Friday. The scrip was trading at Rs 95.85.
Rupee falls 12 paise to 82.91 against US dollar
The rupee depreciated 12 paise to 82.91 against the US dollar in morning trade on Friday tracking a firm American currency in the overseas market.
At the interbank foreign exchange, the domestic unit opened at 82.89 against the dollar, then lost further ground to 82.91, registering a loss of 12 paise over its previous close.
Govt seeks $7.7 billion value for IDBI Bank in stake sale; stock rises over 2.5%
IDBI Bank stock gained on Friday, October 21, after reports emerged that the government is pushing for a valuation of around $7.7 billion for the state-owned bank, Zee Business channel reported quoting Bloomberg. READ MORE
Gold Price Today
Brokerages on Axis Bank
Top gainers at BSE
Opening Bell: Sensex, Nifty gain despite weak global cues
Sensex jumped over 200 points to open at 59406, Nifty tops 17600
Q2 Results Today, October 21
Bajaj Finserv, HDFC Life, JSW Steel, SBI Life Insurance, DLF, CRISIL, DLF, IDBI, Hindustan Unilever Limited and others
Dixon tech – BETTER THAN ESTIMATES
Stock is down 24% YTD
Up 11% in last 3 months
Q2FY23 YOY
Rev at Rs.3867cr vs 2804cr, up 38% (EST Rs.3510cr)
EBITDA at Rs.145cr vs 110cr, 32% (Est Rs.133cr)
Margins at 4% vs 4% (Est 4%)
PAT at Rs.77cr vs 63cr, up 22% (Est 70cr)
Morning Cues
ACROSS ALL SERIES/ MONTH SERIES
NIFTY Open Interest Charge 10.04%, Adds 13.83 lakh shares
Nifty October Fut at -23.25 points DISC vs -17.6 points DISC
Nifty Nov Fut at 17.5 points PREM vs 20.4 points PREM
BANKNIFTY Open Interest Charge 4.88%, Adds 1.00 Lakh shares
Nifty Bank October Fut at 105.8 points PREM vs 28.55 points PREM
Nifty Bank Nov Fut at 279.15 points PREM vs 181.75 points PREM
Nifty October Open Interest Charge 3.2%, Adds 3.51 lakh shares
Nifty Bank October OI Chg -4.3%, Sheds -0.68 Lk shares
Nifty PCR (All Contracts) = 1.29 vs 1.13
Bank Nifty PCR (All Contracts) = 0.86 vs 1.06